AMERICAN LEGION 574 HUDSON FALLS POST

EIN: 222329392

HUDSON FALLS, NY

Total Revenue
$461,677
Total Expenses
$367,126
Total Assets
$365,935
Net Assets
$360,336
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
NY
Principal Officer
LARRY MONTELLO
Phone
5187479891
Tax Period
2023-01-01 to 2023-12-31

AMERICAN LEGION 574 HUDSON FALLS POST, founded in 1946, is a small nonprofit that reported $462K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $95K, a strong 20% operating margin.

Mission

TO PROMOTE THE SOCIAL WELFARE OF THE COMMUNITY; TO CARRY ON PROGRAMS TO PERPETUATE THE MEMORY OF VETERANS; TO SPONSOR OR PARTICIPATE IN PATRIOTIC ACTIVITIES; TO PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES FOR ITS MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $112,683
Program Service Revenue $0
Investment Income $871
Other Revenue $348,123
TOTAL REVENUE $461,677

Expense Breakdown

Grants Paid $0
Salaries & Benefits $148,617
Fundraising Expenses $0
Program Expenses $347,048
Other Expenses $218,509
TOTAL EXPENSES $367,126

Year-over-Year Comparison

2023 2022 Change
Revenue $461,677 $323,692 +0.4%
Expenses $367,126 $280,543 +0.3%
Net Income $94,551 $43,149 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
14
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
7
$34,273
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIELLE BREAULT TREASURER 16.00
Director
$18,557 $0 $18,557
ROBERT BEARD JUDGE ADVOCA 16.00
Director
$15,513 $0 $15,513
LARRY MONTELLO COMMANDER 24.00
Director
$203 $0 $203
SALLY BARKER 3RD VICE COM 8.00
Director
$0 $0 $0
JOE BERNARD 2ND VICE COM 8.00
Director
$0 $0 $0
DAWN PALMER 1ST VICE-COM 8.00
Director
$0 $0 $0
DANA WARREN ADJUTANT 8.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $461,677 $367,126 $365,935 $94,551
2022 $323,692 $280,543 $270,548 $43,149
2021 $220,019 $216,426 $226,246 $3,593
2020 $121,650 $146,388 $221,196 $-24,738
2019 $248,180 $224,049 $247,909 $24,131
2018 $233,529 $213,792 $223,609 $19,737
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